MSV transaction
MSV Resources (ME) says it will sell the more than 1.5 million shares of VSM Exploration (TSE) it owns to Cambior (TSE) at 50 cents per share. MSV also plans to sell to Cambior any shares it purchases…
News
Exall option lapses
Stephen Roman, president of Exall Resources (TSE), says he did not exercise an option to buy all or part of Denison Mines’ (TSE) interest in Exall. Roman has decided instead to focus on raising funds …
GOLD FUNDS (August 31, 1992)
BGR Central Net Value $8.07 $4.86 Price $6.88 $4.50 Discount 14.81% 7.40% Value $47,965,000 $75,709,350…
Study supports plan to develop fluorite property
Based on the findings of an interim report by Kilborn Engineering, Silverspar Minerals (VSE) reports that its Silver District fluorite-silver property in La Paz Cty., Ariz., has the potential to be an…
Lac de Gras crash kills pilot
The rush for diamonds in the Northwest Territories has claimed its first fatality. Howard Damron, a 48-year-old pilot flying under contract for Dia Met Minerals (VSE) and BHP Minerals Canada, was kill…
Diamond exploration spills on to James Bay lowlands
Diamond exploration and land acquisition were reported to be under way in five provinces, in addition to the Northwest Territories, during the week ended Aug. 25. In Ontario and Quebec, KWG Resources …
NEWS ROUNDUP — Orvana to drill Madhat property
A drilling program will begin in early September to further define copper-gold targets identified by Orvana Minerals (TSE) on the Madhat property on Vancouver Island, B.C. The initial drilling program…
NEWS ROUNDUP — Lac lays off 5% of workforce
Toronto-based Lac Minerals (TSE) has laid off about 5% of its workforce in a bid to lower its overall cash cost from US$245 to US$237 per oz. The layoffs were spread “across the board,” said John Pear…
NEWS ROUNDUP — Lupin investigation concluded
Mining safety inspectors recently concluded their investigation of an accident which caused the death of a miner at Echo Bay Mines’ (TSE) Lupin gold mine in the Northwest Territories. Chris Pederson, …
GSC undertakes mapping of Lake Ontario floor
The Geological Survey of Canada (GSC) has undertaken a late-summer mapping of geological conditions in Lake Ontario. The survey is being conducted by a team from the GSC’s Atlantic Geoscience Centre i…
LETTERS TO THE EDITOR — Canada’s gold sales hurt CIS
We watch with dismay as the Canadian government continues to dump its gold reserves on the world market at a time when low metal prices are threatening the economic viability of numerous gold mines an…
MINER DETAILS — Holloway deal avoids courts
It seems that any significant mineral discovery inevitably results in some sort of lawsuit. “If your project is so good, how come you haven’t been sued?” shareholders ask companies that avoid the cour…